A year ago, CoinDesk beta-tested DESK at its virtual event Consensus 2021. If you are wondering what is DESK and whether coin desks are reliable. Well this article will solve your concerns.
What is DESK in Blockchain?
DESK is CoinDesk's social token. It will be the experiential fuel for the 2022 Consensus Festival, which will be held June 9-12 in Austin, Texas.
DESK aims to build a community around the CoinDesk brand and reward our audience for engaging with our content.
The spirit of DESK is modeled on the fundamental principles of blockchain technology: openness, community, empowerment and innovation. We hope to establish a feedback loop with users through DESK to help us build an ecosystem together.
Origin of DESK
Last year, CoinDesk's COVID-19 Era ZoomCon offered DESK to virtual attendees. They can also use participation to earn tokens when buying swag, but that's it. Built on the Rinkeby testnet, DESK 1.0 is crypto-lite at best: a tease of what a CoinDesk conference coin might be.
By contrast, the new DESK is a real-life crypto token. It sits on top of the Polygon mainnet. It has an initial circulation of 5 billion. It's built to the ERC-20 token standard, and its holders nearly 6,000 already — can use their DESK however they want. As long as they don't trade DESK on exchanges; this is against the terms of service.
CoinDesk's value proposition for DESK holders is similar to the Disney dollar: it has value in the brand ecosystem, but nowhere else. Like airline miles, it rewards loyal users in another way for internal perks. Unlike airline miles, it lives on a public blockchain and the transaction is irreversible and beyond the control of the issuer.
Are coin desks reliable?
The answer is yes, CoinDesk is safe to use. But that doesn't mean hackers can't intercept your online traffic on the way to your CoinDesk domain. Get our reliable VPN for encrypted transactions and prevent any third party from accessing your sensitive data and online actions!
I hope this article will help you to learn what is DESK in blockchain and whether coindesks are reliable or not. CoinDesk itself sees DESK as a big bet, Layden said. He hinted at potential future integration on and off the site. For now, the focus is on consensus.
